Search Results - subject:"Conservativeness"

Designing the optimal conservativeness of the central bank

Ferre, Montserrat; Manzano, Carolina - In: Economics Bulletin 32 (2012) 2, pp. 1461-1473

We propose an indicator of the degree of conservativeness of an independent central bank and we derive its optimal …

Persistent link: https://www.econbiz.de/10011278540

Fiscal policy, institutional quality and central bank transparency

Dai, Meixing; Sidiropoulos, Moïse; Spyromitros, Eleftherios - Volkswirtschaftliche Fakultät, … - 2010

of central bank conservativeness and/or the initial degree of opacity about central bank preferences. If the marginal …

Persistent link: https://www.econbiz.de/10008534248

Multiplicative uncertainty, central bank transparency and optimal degree of conservativeness

Dai, Meixing - In: Economics Bulletin 30 (2010) 3, pp. 1720-1726

of central bank conservativeness. It is shown that the government can choose a sufficiently populist but opaque central …

Persistent link: https://www.econbiz.de/10008568477

Multiplicative uncertainty, central bank transparency and optimal degree of conservativeness

Dai, Meixing - Volkswirtschaftliche Fakultät, … - 2010

of central bank conservativeness. It is shown that the government can choose a sufficiently populist but opaque central …

Persistent link: https://www.econbiz.de/10008835356

The macroeconomics of social pacts

Nicola, Acocella; Giovanni, Di Bartolomeo; Patrizio, Tirelli - Department of Communication, University of Teramo - 2007

In this paper we analyze macroeconomic interactions between trade unions, the central bank and the fiscal policymaker. We explicitly model unions’ concern for public expenditure, paving the way for an analysis of the potential gains from cooperation between the fiscal policymaker and the...

Persistent link: https://www.econbiz.de/10005590565

The Cost of Social Pacts

Acocella, Nicola; Di Bartolomeo, Giovanni - Volkswirtschaftliche Fakultät, … - 2007

such pacts, various substitutes can operate, such as the payment of transfers or, to some extent, the conservativeness of …

Persistent link: https://www.econbiz.de/10005835806

Robust Control and Monetary Policy Delegation.

Diana, Giuseppe; Sidiropoulos, Moise - Bureau d'Économie Théorique et Appliquée (BETA), … - 2006

This paper adapts in a simple static context the Rogoff's (1985) analysis of monetary policy delegation to a conservative central banker to the robust control framework. In this framework, uncertainty means that policymakers are unsure about their model, in the sense that there is a group of...

Persistent link: https://www.econbiz.de/10005422848

Robust Control and Monetary Policy Delegation

Sidiropoulos, Moïse; Diana, Giuseppe - Volkswirtschaftliche Fakultät, … - 2006

Persistent link: https://www.econbiz.de/10008534263

L’evoluzione dei patti sociali in una prospettiva analitica

Acocella, Nicola; Di Bartolomeo, Giovanni; Papa, Stefano - Volkswirtschaftliche Fakultät, … - 2006

In this paper we revisit the case for corporatist agreements in a model where labor markets are unionized, the government controls the fiscal stance, and an independent central bank sets monetary policy. We can then analyze the scope for a political exchange between public expenditure and wage...

Persistent link: https://www.econbiz.de/10005260052

The Trade Off Between Central Bank Independence and Conservativeness

Eijffinger, Sylvester; Hoeberichts, M.M. - Tilburg University, Center for Economic Research - 1996

banker.It tries to explain the optimal degree of central bank independence and conservativeness by four economic and … conservativeness.Then, by comparing the optimal degree of conservativeness and independence with the actual degree of independence, we … want to identify the optimal degree of conservativeness for the countries participating in EMU. …

Persistent link: https://www.econbiz.de/10011090623